The petry company has 2266000 in current assets and 929060


The Petry Company has $2,266,000 in current assets and $929,060 in current liabilities. Its initial inventory level is $589,160, and it will raise funds as additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0? Round your answer to the nearest cent.

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Financial Management: The petry company has 2266000 in current assets and 929060
Reference No:- TGS01368819

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